LONDON--(BUSINESS WIRE)--The launch of the M1 by Electroneum this week is set to disrupt the
mobile industry in the developing world, as their blockchain technology
empowers users to be paid in return for its use.

The device has incorporated the tech firm’s groundbreaking Cloud Mining
technology which enables users to earn cryptocurrency simply through an
app. Consumers can now expect a Google GMS certified smartphone at an
RRP of around $80 USD - traditionally the price point of a reconditioned
handset.

Styled in ‘Electroneum Blue’, the M1 draws upon leading smartphone
designs and proves to be a staunch competitor in terms of quality and
performance. The device’s extensive functionality, including 4G and
dual-sim capabilities, mean that millions across the developing world
can expect a brand new smartphone without the expensive price tag.

The Smartphone that Pays You Back

Cryptocurrencies such as Bitcoin are earned by “mining” them with
expensive server equipment. Electroneum is the first cryptocurrency that
can be “mined” using just your smartphone.

The new Electroneum app-based Cloud Mining system makes ETN accessible
to anyone with a smartphone.

Anyone can now earn some ETN cryptocurrency directly from their devices.
Only simple interactions are required to commence mining on the free
app, and once completed, mining can continue offline.

By integrating the technology into the M1, the smartphone promotes Cloud
Mining and rewards users with Electroneum (ETN). The cryptocurrency can
be used to pay for services such as mobile top ups (airtime and data),
online services or shopping.

Global Cryptocurrency Adoption Begins with Universal Access

While smartphones increasingly form the backbone of our global economy,
the M1 was designed to meet the needs of those in developing countries.
With an unprecedented economic price point, Electroneum has tackled one
of the most substantial impediments facing global cryptocurrency
adoption; its lack of accessibility.

The purposely low-profit margin set by Electroneum relates to their core
vision of their drive of blockchain and cryptocurrency proliferation.
The M1 represents not only a powerful tool for communication but also a
means of financial empowerment for the millions in economically
disadvantaged areas.

Thanks to sub-market rates and unique selling points, international
retailers have shown a keen interest in stocking the device. For many
consumers in the developing world, the M1 represents the opportunity to
buy a brand new smartphone for the first time.

Consumers have added confidence in an extensive warranty program and the
knowledge that the M1 has passed stringent GSMA approval and Google GMS
certified qualifications. The latter of which were key for Electroneum
to enable compatibility with all network operators around the world.

The Perfect Team to Make it Happen

Electroneum CEO and founder, Richard Ells, has said the development of
the M1 was the result of combining a perfect team of industry experts to
make it happen.

“With our experience in tech, we were able to gather a world-class
team consisting of telecommunications, manufacturing, emerging area
mobile-operators, product design and marketing specialists, all helping
to make this utopian vision of ours a reality.

Without the broad range of talent and expertise, we could never have
imagined the possibility of making a product of this calibre accessible
for anyone in the world, and we are extremely proud of the result”

Want to know more about Electroneum?

Discover why Electroneum’s blockchain solution for a digital payment
ecosystem is a powerful tool for financial inclusion, as well as their
string of world firsts achieved, including Instant Payments and KYC/AML
compliance. Visit https://electroneum.com/
to find out more.